Re: A question for the forum. - Glencore info
in response to
by
posted on
Aug 25, 2008 06:25AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Poly, I think everyone is aware of NOT. The significance of the Cr story is only beginning to move onto the 'back page'. Obviously, some big Cdn institutions are looking closely from the M&A side because those guys never sleep. This thing is like an iceberg, there is massive awareness but not at the retail level, largely because of the overall bear everything. By end of September, things will have changed dramatically in my view as the street gets back from vacation and realizes the pot of Cr is right under their feet. This is not the only resource play being given away right now, it is however the most compelling, because the street said"I told you so " prior to Cr and that will change in the coming months.